It has come to my attention via my broker that my Chelsfield property lawyer is not on the lender Conveyancing panel. How can I be certain whether this is indeed the case?
The best course of action for you to take is to call your Chelsfield lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
We are nearing an exchange on a house in Chelsfield and my mum and dad have transferred the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my lawyer needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The conveyancing practitioner is duty bound to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Do the Building Society Association intend to launch a searchable register to list firms on the Coventry BS conveyancing panel for instance in Chelsfield?
Lexsure has not been advised of any plans on the part of the BSA to promote such a tool.
I am looking for a ground for flat up to £195,000 and identified one close by in Chelsfield I like with a park and transport links in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Chelsfield in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
I'm converting the mortgage on my primary property to a buy to let mortgage with Godiva Mortgages Ltd and intend to use the remaining equity towards a second property. The neighborhood we are looking at is Chelsfield. Will your conveyancers be able to act for both sets of banks and link together the two deals?
Do use our comparison tool on this site to check that the lawyers are on the relevant lender panels. Assuming that they are the solicitor should be able to connect the two transactions but you should talk with you lawyer and specify your desired outcome and needs.
I’m about to sell my 2 bed flat in Chelsfield. Conveyancing lawyers have not yet been instructed, but I have recently received a quarterly maintenance charge invoice – what should I do?
It best that you clear the invoice as normal as all ground rent and maintenance payments should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Chelsfield conveyancing firm to help?
in cases where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the amount due.
An example of a Lease Extension decision for a Chelsfield property is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The unexpired residue of the current lease was 50.57 years.